Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have earned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a twelve-month consensus price objective of $47.00 for the company and are expecting that the company will post $0.66 EPS for the current quarter, according to Zacks. Zacks has also given CSG Systems International an industry rank of 162 out of 265 based on the ratings given to related companies.
Several brokerages recently issued reports on CSGS. BidaskClub cut shares of CSG Systems International from a “hold” rating to a “sell” rating in a research note on Saturday, December 30th. Zacks Investment Research raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $47.00 price objective on shares of CSG Systems International in a research note on Friday, November 3rd.
CSG Systems International (CSGS) traded down $0.04 during mid-day trading on Monday, hitting $45.85. 110,687 shares of the stock were exchanged, compared to its average volume of 138,233. CSG Systems International has a twelve month low of $35.48 and a twelve month high of $49.44. The stock has a market capitalization of $1,538.39, a PE ratio of 25.61 and a beta of 1.02. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 0.97.
CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. CSG Systems International had a net margin of 7.57% and a return on equity of 22.11%. The company had revenue of $199.20 million during the quarter, compared to analysts’ expectations of $194.67 million. During the same quarter in the prior year, the company earned $0.75 EPS. CSG Systems International’s revenue was up 5.2% compared to the same quarter last year. equities research analysts expect that CSG Systems International will post 2.1 earnings per share for the current year.
In other CSG Systems International news, EVP Kenneth M. Kennedy sold 1,903 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $45.68, for a total value of $86,929.04. Following the transaction, the executive vice president now directly owns 43,910 shares in the company, valued at approximately $2,005,808.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Rolland B. Johns sold 2,494 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $44.19, for a total transaction of $110,209.86. Following the completion of the transaction, the insider now owns 14,556 shares in the company, valued at $643,229.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,500 shares of company stock valued at $1,667,195. 2.57% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of CSGS. Pinebridge Investments L.P. boosted its holdings in CSG Systems International by 3.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,452 shares of the technology company’s stock valued at $180,000 after purchasing an additional 168 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in CSG Systems International in the 3rd quarter valued at about $252,000. Piedmont Investment Advisors LLC acquired a new position in CSG Systems International in the 2nd quarter valued at about $296,000. Municipal Employees Retirement System of Michigan boosted its holdings in CSG Systems International by 58.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 12,680 shares of the technology company’s stock valued at $508,000 after purchasing an additional 4,700 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in CSG Systems International by 80.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 13,225 shares of the technology company’s stock valued at $537,000 after purchasing an additional 5,889 shares during the last quarter. Institutional investors own 91.24% of the company’s stock.
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About CSG Systems International
CSG Systems International, Inc (CSG) is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements.
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